Credit ratings need Asian champion – de Villepin

Dominique de Villepin, former prime minister of France and frontman for UCRG, a pan-Asian credit ratings agency, tells FinanceAsia that the world has not learned the lessons of the 2008 financial crisis.

Dominique de Villepin has just made the short flight to Hong Kong from Manila, where he witnessed first-hand the economic growth that led Moody’s to join its peers in upgrading the Philippines to investment grade status.

The former prime minister of France spoke highly of the country and its people but, as a sign of things to come, offered a more practical assessment. “More needs to be done, of course. For example, there are still terrible traffic jams”.

It was a happy coincidence that we should be speaking in the week of the Moody’s upgrade because ratings and regulation is a topic de Villepin or the Prime...

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